TSMC Q2 profit rallies 77% , surpassing expectations

• TSMC reported record Q2 2026 net income of NT$706.6 billion, representing a 77.4% year-over-year increase.
• TSMC’s U.S.-listed shares were indicated about 0.9% higher at approximately $423.27 in premarket trading.
• The company forecast Q3 revenue of $44.6–$45.8 billion as demand for its advanced manufacturing technologies continued.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) reported Q2 2026 net income of NT$706.6 billion, up 77.4%, on revenue of NT$1.27 trillion.

Profit increased from NT$398.3 billion a year earlier and exceeded the NT$632.6 billion LSEG SmartEstimate, while revenue rose 36%.

TSMC expects Q3 revenue of $44.6–$45.8 billion, a 65%–67% gross margin, and a 56%–58% operating margin.

Following the announcement, TSMC's ADR price was up 0.9% at approximately $423.27 in premarket trading.

Meanwhile, advanced technologies accounted for 77% of wafer revenue, including 30% from 3-nanometre chips, 33% from 5-nanometre chips and 3% from 2-nanometre chips.

Elsewhere, TSMC raised its 2026 capital-spending forecast to $60–$64 billion and announced another $100 billion of Arizona investment, bringing its announced U.S. commitment to $265 billion.